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Please use this identifier to cite or link to this item: http://hdl.handle.net/2108/301

Title: Private medical insurance and saving: evidence from the British household panel survey
Authors: Guariglia, Alessandra
Rossi, Mariacristina
Keywords: precautionary saving
private medical insurance
Issue Date: Oct-2003
Publisher: CEIS
Series/Report no.: CEIS Tor Vergata Research Paper; 39
Abstract: This paper uses the British Household Panel Survey for the years 1996 to 2000 to investigate whether individuals in the UK save for precautionary motives against uncertain medical costs. In particular, we test the hypothesis that those individuals who are not covered by private medical insurance, and who are therefore more exposed to facing unexpected health care expenditures or loss of income while waiting for treatment, tend to save more than those who are covered. According to our findings, which are based on a wide range of econometric specifications, there is a positive association between insurance coverage and saving, suggesting that private medical insurance does not crowd out private saving. This relationship is however weaker in areas where people feel the quality of medical facilities to be poor and in rural areas.
URI: http://ssrn.com/abstract=320881
http://hdl.handle.net/2108/301
Appears in Collections:Research papers

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